Government Savings: 5 YR Cert V. 10YR Bond?

Folks,
I was thinking of putting in some money into one of the above State Savings products and I have a question which someone here might be able to answer.
If you withdraw your money out of the 10 Year Bond after a full 5 years how much interest will have been earned? Thanks.

See
http://www.statesavings.ie/Downloads/Brochure3.PDF

The 10 year bond gives 15% gross after 5 years. Of this 15%, 10% is a tax free bonus at the end and the rest is 1% per year which is subject to DIRT. By my calcs that works out as a total return of 13.35% net at current DIRT rates.

Thanks

Thanks Ghoul. That was what I was thinking. Please tell me if I am wrong but in that case would I be better off taking out the 10 year bond and reviewing it after 5 years rather than taking out the 5 year Cert given the benefits of staying in for the second 5 years of the full 10 years i.e. a real 26.5% approx and this would allow an exit if inflation started to rise significantly? I would appreciate any comment. Thanks.

Anyone?

Anyone. I would really appreciate any views on this query. Thanks.

Future interest rates and inflation cannot be reliably predicted! But IMO your proposed strategy is reasonable if you are fairly certain that you won't need the money before 5 years and think that you may be leaving it for the full 10 years.

Pure speculation on my part but I think a 13.35 net return over 5 years may well beat inflation over that period. The CPI in the year to March 2013 was +0.5% while the HICP was +0.6%. Also, the return on State Savings appears to be well insulated from DIRT increases which IMO are a certainty in coming budgets.

Personally, I have a mix of State Savings products, most of it is in the 3 year and 5.5 year with a small amount in the 4 year and 10 year. So I have a wide variety of maturity dates. However the interest rates for reinvestment are obviously lower now.